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Strategies & Market Trends : Temp. Home of Cooperative Group-Trading -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (487)	7/8/1999 5:24:00 PM
From: DGG	Read Replies (1) \| Respond to of 790

Re: PMTC - this stock smells a lot like a good short, even from only 13 1/2. Nothing but good news has come out on this stock recently, supplied mostly by the company itself, yet it broke a huge support level at 13 9/16-5/8 on July 6th on huge volume (relatively speaking for this stock) and TONS of block prints > 75,000 shares. This big down move occurred on no new public information. Today the stock "rebounded" to test the 13 9/16 level and did not go a tick higher, closing almost unch at 13 1/4. Earnings out soon (conflicting reports on date), est. $0.19 whisper $0.18. I am short (again) and given my observations from above, feel comfortable with it. Anybody have any insights into the stock technically, fundamentally or rumor-wise which would make me very wrong or very right?